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Shares of Cisco (CSCO Quote) were down in early trading Thursday as investors digested the tech bellwether's weak second-quarter outlook.
Although it met analysts' revenue estimates in its first-quarter results, Cisco reported flat profits and projected a second-quarter revenue dip between 5% and 10%. Analysts had estimated second-quarter revenue growth of around 6%.
Cisco shares were down 34 cents, or 1.96%, to $17.05 Thursday, as the Nasdaq fell 2.75%. ...
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